Bitcoin Whales and Treasuries Continue Selling Spree, Pressure Bitcoin

A large Bitcoin whale has continued its selling spree, offloading another 1,019 BTC worth $66.4 million in a recent transaction.

This brings the total amount sold by the whale to 7,513 BTC, valued at approximately $486.9 million over the past three weeks.

The increased sell-side pressure on Bitcoin is being fueled not just by individual whales, but also by treasury companies like Empery Digital, which has reduced its total holdings of BTC by around 76% since July.

Empery Digital sold a total of 1,635 BTC worth $102 million and now holds only 325 BTC, with most of its remaining assets pledged as collateral against debt or committed to covering other expenses.